If your high school senior has the grades and the test scores — and your annual family income is $100,000 or less — it could be cheaper to send the kid to Stanford University next fall than to a community college.
The university announced recently that it would use some of its $17 billion endowment to cover the $36,000-a-year tuition for students who meet the $100,000 threshold. For family income under $60,000, living costs also will be paid.
In the context of California's vast academic landscape, very few students will be affected. Stanford enrolls a freshman class of just 1,700 each fall. But Stanford's new policy means prestigious public universities like Berkeley and UCLA — formerly the better deal — will have to hustle harder to compete for top students.
Read the full story on sacbee.com.